Home Loan Calculator (Fixed Deposit-linked)

Footnote

If the insured person dies or suffers from total and permanent disability (TPD) in Policy Year 1 or 2 or if insured person's age at entry (next birthday) plus policy term of 3 years exceeds 70, The Great Eastern Life Assurance Company Limited will pay the higher of 101% of the single premium paid or the surrender value of the policy. If the insured person dies or suffers from TPD in Policy Year 3, The Great Eastern Life Assurance Company Limited will pay the higher of 105% of the single premium paid or the surrender value of the policy. For the death or TPD benefit, it will be used to deduct any indebtedness under the policy, and the balance will be paid to you. TPD is covered up to age 65 (next birthday) of the insured person.

This refers to the guaranteed survival benefit of 1.7% of single premium, if the insured person survives at the end of policy year 1 and policy year 2

This is based on the current accumulation interest rate of 3% p.a. and it is non-guaranteed.

This consists of a non-guaranteed terminal bonus of 1.7% of single premium at the end of policy year 3. As the bonus rates used for the benefits illustrated above are not guaranteed at the end of policy year 3, the actual benefits payable on policy year 3 may vary according to the future experience of the participating fund. The non-guaranteed terminal bonus of 1.7% of the single premium at the end of policy year 3 is based on a projected investment rate of return of 2.75% p.a.

This comprises 2 yearly guaranteed survival benefit accumulated at an interest rate of 3% p.a., a non-guaranteed terminal bonus upon maturity of S$850, and your initial single premium of S$50,000.

Important Notice

Max Single Premium Yield is provided by The Great Eastern Life Assurance Company Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.

You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the benefit/ policy illustration and product summary (available from us) before deciding whether to buy this product.

We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.

This plan is available for a limited period with a limited tranche only. Availability is on a first-come-first-served basis with premiums fully paid to The Great Eastern Life Assurance Company Limited. In the event that total subscriptions exceed the tranche size, The Great Eastern Life Assurance Company Limited reserves the right to reject an application and refund the single premium.

Policy Owners' Protection Scheme

This plan is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Fixed Deposit-linked Rates

Enter the necessary details to calculate the monthly payments of your home loan.

This computation is strictly for illustrative purposes only and should not be relied upon solely when making decisions on your property financing. The Bank accepts no responsibility for errors or omissions, nor for any loss arising from use of or reliance on this computation.

Interest rates are subjected to change and may not apply to your loan. Speak to our Mortgage Specialists for more detailed information.

This computation is not an offer or approval of any loan by the Bank. Loan is granted at the discretion of the Bank.

Disclaimer

The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator.